Montserrat
2019 Product Exports | Imports: $6.82M | $16.3M, 220 of 225 | 222 of 225
2013 Service Exports | Imports : $13.9M | $17.7M, 180 of 183 | 180 of 181
Overview In 2019 Montserrat was the number 220 in total exports, the number 222 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Montserrat are Sand ($2.11M), Semi-Finished Iron ($852k), Seats ($659k), Medical Instruments ($600k), and Processed Fish ($228k), exporting mostly to Antigua and Barbuda ($1.3M), United States ($1.26M), France ($1.17M), Singapore ($941k), and Belgium ($582k).
Imports The top imports of Montserrat are Refined Petroleum ($5.68M), Cars ($730k), Citrus ($527k), Electric Motors ($429k), and Broadcasting Equipment ($410k), importing mostly from United States ($11.3M), United Kingdom ($1.01M), Egypt ($624k), Barbados ($495k), and China ($413k).
Location Montserrat borders Saint Kitts and Nevis by land and Antigua and Barbuda, France, and Venezuela by sea.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Sand, $2.11M
Top Destination (2019): Antigua and Barbuda, $1.3M
In 2019, Montserrat exported a total of $6.82M, making it the number 220 exporter in the world. During the last five reported years the exports of Montserrat have changed by $1.5M from $5.33M in 2014 to $6.82M in 2019.
The most recent exports are led by Sand ($2.11M), Semi-Finished Iron ($852k), Seats ($659k), Medical Instruments ($600k), and Processed Fish ($228k). The most common destination for the exports of Montserrat are Antigua and Barbuda ($1.3M), United States ($1.26M), France ($1.17M), Singapore ($941k), and Belgium ($582k).
Yearly Imports
#permalink to sectionTop Import (2019): Refined Petroleum, $5.68M
Top Origin (2019): United States, $11.3M
In 2019 Montserrat imported $16.3M, making it the number 222 trade destination in the world. During the last five reported years the imports of Montserrat changed by -$33.5M from $49.8M in 2014 to $16.3M in 2019.
The most recent imports of Montserrat are led by Refined Petroleum ($5.68M), Cars ($730k), Citrus ($527k), Electric Motors ($429k), and Broadcasting Equipment ($410k). The most common import partners for Montserrat are United States ($11.3M), United Kingdom ($1.01M), Egypt ($624k), Barbados ($495k), and China ($413k).
Market Growth
#permalink to sectionFastest Growing Export Markets (2018 - 2019)
- Antigua and Barbuda, $844k (+ 187%)
- Singapore, $566k (+ 151%)
- United States, $453k (+ 56.5%)
Fastest Growing Import Markets (2018 - 2019)
- United States, $742k (+ 7.02%)
- Italy, $104k (+ 227%)
- China, $80.5k (+ 24.2%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionMontserrat Exports Services (2013): $13.9M
Montserrat Imports Services (2013): $17.7M
In 2013, Montserrat exported $13.9M worth of services. The top services exported by Montserrat in 2013 were Travel ($7.59M), Computer and information services ($3.36M), Sea transport ($1.02M), Air transport ($900k), and Miscellaneous business, professional, and technical services ($688k).
The top services imported by Montserrat in 2013 were Sea transport ($3.99M), Government services, n.i.e. ($3.61M), Miscellaneous business, professional, and technical services ($3.55M), Travel ($3.05M), and Computer and information services ($3.02M).
Tariffs
#permalink to sectionTariffs by Product
#permalink to sectionThe top product import tariffs by their MFN Ad Valorem value for Montserrat are Grape must, unfermented, except as fruit juice (65%) and Grape wines nes, fortified wine or must, pack < 2l (65%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Montserrat are:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMontserrat has a high level of specialization in Sand (2.93k), Gravel and Crushed Stone (163), Semi-Finished Iron (87.6), Water (35.8), and Processed Fish (33.7). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Montserrat according to the product complexity index (PCI) are Interchangeable tools and dies for hand or power tools (1.79), Electric solder, weld, braze,hot metal spray equipment (1.75), Equipment for physical and chemical analysis (1.72), Gaskets and similar joints of metal sheet (1.55), and Machinery, non-domestic, involving heating or cooling (1.29). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Montserrat according to the relatedness index, are Non-Knit Men's Shirts (0.057), Knit Women's Undergarments (0.056), Non-fillet Fresh Fish (0.056), Non-Knit Men's Suits (0.056), and Scrap Copper (0.056). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montserrat is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.